Can I retire at age 51 with 1,320,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$109,004$108,033$107,086$106,161$105,259$103,007
2 years$53,963$52,958$51,984$51,039$50,123$47,866
3 years$35,618$34,608$33,637$32,701$31,800$29,607
4 years$26,447$25,441$24,479$23,559$22,680$20,569
5 years$20,946$19,946$18,997$18,096$17,241$15,217
6 years$17,280$16,287$15,352$14,471$13,642$11,708
7 years$14,662$13,678$12,758$11,898$11,095$9,250
8 years$12,700$11,725$10,820$9,981$9,204$7,449
9 years$11,175$10,208$9,319$8,501$7,751$6,084
10 years$9,955$8,998$8,124$7,328$6,604$5,024
11 years$8,958$8,011$7,153$6,378$5,680$4,184
12 years$8,127$7,190$6,348$5,594$4,922$3,508
13 years$7,425$6,498$5,671$4,939$4,292$2,958
14 years$6,824$5,906$5,096$4,384$3,763$2,505
15 years$6,303$5,395$4,601$3,910$3,313$2,130
16 years$5,848$4,950$4,171$3,501$2,928$1,816
17 years$5,447$4,559$3,796$3,146$2,596$1,553
18 years$5,091$4,213$3,465$2,835$2,308$1,330
19 years$4,772$3,904$3,172$2,561$2,057$1,142
20 years$4,486$3,628$2,911$2,320$1,838$982
21 years$4,228$3,379$2,678$2,105$1,645$845
22 years$3,993$3,154$2,468$1,914$1,474$729
23 years$3,779$2,950$2,279$1,743$1,323$629
24 years$3,583$2,764$2,107$1,590$1,189$543
25 years$3,403$2,594$1,952$1,452$1,070$469
26 years$3,237$2,438$1,810$1,328$964$406
27 years$3,084$2,294$1,681$1,215$869$351
28 years$2,942$2,162$1,563$1,114$784$304
29 years$2,810$2,040$1,454$1,021$708$263
30 years$2,687$1,926$1,355$937$640$228
31 years$2,572$1,821$1,263$861$579$197
32 years$2,465$1,723$1,178$791$523$171
33 years$2,364$1,632$1,100$727$474$148
34 years$2,269$1,546$1,028$669$429$128
35 years$2,180$1,467$961$616$388$111
36 years$2,096$1,392$899$567$352$97
37 years$2,017$1,322$841$523$319$84
38 years$1,943$1,257$788$482$289$73
39 years$1,872$1,195$738$444$262$63
40 years$1,805$1,137$692$410$238$55
41 years$1,741$1,082$649$378$216$47
42 years$1,681$1,031$609$349$196$41
43 years$1,623$982$571$322$178$36
44 years$1,568$936$536$297$161$31
45 years$1,516$893$503$275$146$27
46 years$1,466$852$473$254$133$23
47 years$1,419$813$444$234$121$20
48 years$1,374$776$417$217$110$18
49 years$1,330$741$392$200$100$15
50 years$1,289$708$369$185$90$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,320,000, adding $4,119 every year, while hoping to spend $40,649 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/25/14 Blend
50$1,320,000$1,320,000$1,320,000$1,320,000
51$1,458,889$1,388,929$1,368,469$1,542,608
52$1,564,445$1,413,736$1,371,062$1,624,206
53$1,679,406$1,438,396$1,372,380$1,708,251
54$1,804,687$1,462,860$1,372,337$1,798,988
55$1,941,298$1,487,073$1,370,843$1,897,069
56$2,090,348$1,510,977$1,367,803$2,003,211
57$2,253,058$1,534,509$1,363,120$2,118,204
58$2,430,774$1,557,604$1,356,688$2,242,920
59$2,624,976$1,580,190$1,348,401$2,378,320
60$2,837,294$1,602,190$1,338,142$2,525,464
61$3,069,523$1,623,521$1,325,794$2,685,518
62$3,323,637$1,644,097$1,311,232$2,859,771
63$3,601,814$1,663,823$1,294,324$3,049,640
64$3,906,448$1,682,600$1,274,933$3,256,692
65$4,240,178$1,700,320$1,252,915$3,482,650
66$4,605,910$1,716,869$1,228,122$3,729,416
67$5,006,843$1,732,127$1,200,394$3,999,087
68$5,446,503$1,745,962$1,169,569$4,293,975
69$5,928,769$1,758,237$1,135,473$4,616,627
70$6,457,919$1,768,806$1,097,926$4,969,854
71$7,038,661$1,777,512$1,056,741$5,356,753
72$7,676,183$1,784,188$1,011,720$5,780,739
73$8,376,198$1,788,659$962,658$6,245,578
74$9,145,003$1,790,735$909,339$6,755,420
75$9,989,530$1,790,218$851,538$7,314,842
76$10,917,418$1,786,895$789,021$7,928,890
77$11,937,083$1,780,541$721,542$8,603,127
78$13,057,796$1,770,917$648,844$9,343,684
79$14,289,770$1,757,771$570,659$10,157,323
80$15,644,257$1,740,833$486,707$11,051,497
81$17,133,656$1,719,819$396,696$12,034,423
82$18,771,625$1,694,426$300,321$13,115,159
83$20,573,212$1,664,334$197,263$14,303,693
84$22,554,998$1,629,204$87,190$15,611,031
85$24,735,250$1,588,678$0$17,049,311
86$27,134,097$1,542,374$0$18,636,435
87$29,773,715$1,489,891$0$20,396,819
88$32,678,541$1,430,802$0$22,333,741
89$35,875,498$1,364,658$0$24,465,180
90$39,394,252$1,290,980$0$26,810,954
91$43,267,493$1,209,264$0$29,392,903
92$47,531,237$1,118,978$0$32,235,101
93$52,225,172$1,019,557$0$35,364,076
94$57,393,030$910,406$0$38,809,070
95$63,082,998$790,895$0$42,602,310
96$69,348,173$660,357$0$46,779,314
97$76,247,062$518,091$0$51,379,226
98$83,844,138$363,353$0$56,445,192
99$92,210,441$195,358$0$62,024,760
100$101,424,255$13,280$0$68,170,337